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Show the effect of each transaction on the items listed next to the transactions(increase, decrease, no effect) Current Ratio Quick Ratio Net Cash Flow From
- Show the effect of each transaction on the items listed next to the transactions(increase, decrease, no effect)
Current Ratio Quick Ratio Net Cash Flow From
Operating Activities
1.Sold treasury stock
at a price above cost
2. Issued 3-year bonds and
nvested the proceeds in
marketable securities.
3. Wrote off an uncollectible
receivable against the allowance
account.
4. Declared a cash dividend to
be paid in three months.
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